China’s stocks fell

By IBT Staff Reporter On 12/01/11 AT 11:34 PM

China's stocks fell, pushing the benchmark index towards a fourth week of losses, as home prices declines along with the droop in the manufacturing sector added more concern about the economic slowdown.

Also, China Southern Airlines Co. the largest domestic carrier was declined by 2.8% after the increase in the jet fuel prices; furthermore the Shanghai Composite Index (SHCOMP) recorded its biggest decline in almost four months, where it fell to 2.3% yesterday.

On the other hand, the (PMI) manufacturing for November narrowed to 49.0, measured up to the prior reading of 50.4, also it missed expectations of 49.8.

Finally, stock exchanges, slid by 1% reaching the level of 2,363.09 at and the CSI 300 fell by 1% reaching the level of 2,556.85.and the investors remain concerned about the weak economy again.